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Belgian (BEL20) Capital Markets Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies11
- 7D0.6%
- 3M1.0%
- 1Y1.3%
- YTD-1.0%
The Capital Markets is pretty flat in the last 7 days, but Whitestone Group has stood out, gaining 27%. In line with that, the industry has also been flat over the past 12 months.
Industry Valuation and Performance
Has the Belgian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | €5.3b | €586.2m | €290.3m | 36.8x | 18.4x | 9.1x |
| Sat, 22 Nov 2025 | €5.3b | €587.2m | €290.5m | 36.2x | 18.4x | 9.1x |
| Mon, 20 Oct 2025 | €5.4b | €617.1m | €308.5m | 36.9x | 17.4x | 8.7x |
| Wed, 17 Sep 2025 | €5.4b | €755.6m | €673.5m | 9.6x | 8x | 7.2x |
| Fri, 15 Aug 2025 | €5.5b | €755.6m | €673.5m | 9.8x | 8.2x | 7.3x |
| Sun, 13 Jul 2025 | €5.5b | €755.6m | €673.5m | 10x | 8.2x | 7.3x |
| Tue, 10 Jun 2025 | €5.6b | €967.0m | €672.7m | 8.6x | 8.3x | 5.8x |
| Thu, 08 May 2025 | €5.3b | €942.9m | €658.6m | 8x | 8.1x | 5.7x |
| Sat, 05 Apr 2025 | €4.9b | €921.9m | €658.6m | 7.4x | 7.4x | 5.3x |
| Mon, 03 Mar 2025 | €4.9b | €795.2m | €512.0m | 10.3x | 9.7x | 6.2x |
| Wed, 29 Jan 2025 | €4.9b | €795.2m | €512.0m | 10.4x | 9.6x | 6.2x |
| Fri, 27 Dec 2024 | €4.8b | €795.2m | €512.0m | 10.8x | 9.4x | 6.1x |
| Sun, 24 Nov 2024 | €4.8b | €795.3m | €512.0m | 10.9x | 9.4x | 6x |
| Tue, 22 Oct 2024 | €4.9b | €811.2m | €525.3m | 11.2x | 9.3x | 6x |
| Thu, 19 Sep 2024 | €5.2b | €811.2m | €525.3m | 11.7x | 9.9x | 6.4x |
| Sat, 17 Aug 2024 | €4.8b | €770.2m | €483.7m | 12.1x | 10x | 6.3x |
| Mon, 15 Jul 2024 | €5.0b | €770.1m | €483.2m | 12.2x | 10.4x | 6.5x |
| Wed, 12 Jun 2024 | €5.2b | €732.0m | €439.8m | 12.6x | 11.8x | 7.1x |
| Fri, 10 May 2024 | €5.1b | €754.9m | €439.8m | 13x | 11.6x | 6.7x |
| Sun, 07 Apr 2024 | €4.9b | €754.9m | €439.8m | 13.2x | 11.2x | 6.5x |
| Tue, 05 Mar 2024 | €4.7b | €690.6m | €365.6m | 14.4x | 12.9x | 6.8x |
| Thu, 01 Feb 2024 | €4.9b | €690.6m | €365.1m | 14.9x | 13.4x | 7.1x |
| Sat, 30 Dec 2023 | €4.7b | €691.5m | €365.6m | 15.1x | 12.9x | 6.8x |
| Mon, 27 Nov 2023 | €4.4b | €691.5m | €365.6m | 14.9x | 11.9x | 6.3x |
| Wed, 25 Oct 2023 | €2.9b | €437.6m | €191.8m | 15x | 15.3x | 6.7x |
| Fri, 22 Sep 2023 | €3.3b | €429.8m | €191.8m | 16.5x | 17.4x | 7.8x |
| Sun, 20 Aug 2023 | €486.9m | €58.9m | €27.8m | 15.4x | 17.5x | 8.3x |
| Tue, 18 Jul 2023 | €495.9m | €58.9m | €28.3m | 15.8x | 17.5x | 8.4x |
| Thu, 15 Jun 2023 | €491.4m | €150.1m | €26.1m | 48.6x | 18.8x | 3.3x |
| Sat, 13 May 2023 | €1.8b | €372.6m | -€11,616,379.00 | 48.5x | -151.4x | 4.7x |
| Mon, 10 Apr 2023 | €1.7b | €353.5m | -€14,923,132.00 | 45.5x | -115.8x | 4.9x |
| Wed, 08 Mar 2023 | €4.6b | €698.8m | €360.3m | 17.8x | 12.9x | 6.6x |
| Fri, 03 Feb 2023 | €4.7b | €615.1m | €361.5m | 18.2x | 13.1x | 7.7x |
| Sun, 01 Jan 2023 | €4.7b | €607.7m | €362.5m | 13.2x | 12.9x | 7.7x |
Price to Earnings Ratio
12.9x
Current Industry PE
- Investors are optimistic on the Belgian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.4x which is higher than its 3-year average PE of 3.4x.
- The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 9.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 7.1% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Belgian Financials industry?
| BE Market | 0.45% | |
| Financials | 1.85% | |
| Capital Markets | 0.61% | |
| Investment Banking and Brokerage | 1.06% | |
| Asset Management | 0.61% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 3.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.3x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GIMB Gimv | €44.30 | 2.2% +€35.0m | 12.4% | PE8.1x | |
| BREB Brederode | €105.80 | 0.6% +€17.6m | -2.8% | PE61.9x | |
| ROCK Whitestone Group | €16.60 | 13.7% +€13.7m | 30.7% | PS0.5x | |
| TINC TINC | €10.48 | 1.6% +€7.8m | -4.0% | PE11.9x | |
| MOPF Mopoli Fond | €9.50k | 1.1% +€240.0k | 21.0% | n/a |